so different my little opinions that you won't get anywhere else. welcome, but please do have the state department to see i weapons, bankers, multi 1000000000 dollar corporations. choose your facts for you. go ahead, change and whatever you do. don't want my show stay managed, because i'm probably gonna make you uncomfortable. my show is called director and bug, but again, but we don't want to watch it because it might just change the way you say ah, what is the med averse and what does it cost to build the medicare? well, the medic versus the loosely defined term now as companies try to stake their claim and define this new frontier, it encompasses using the web to meld the manufacturing and work and overlap with many aspects of facebook parent company meadows vision. right now it is a complete mess of virtual world and if he's alternate and all meant had realities

and gaming concept. i'm christy, and you're watching the cost of everything where today will be taking a closer look at the metaphors and breaking down the players and the cost to develop a new virtual frontier. ah the met of earth consists of 3 general platforms. now the 1st leverage is an, a t's and crypto currencies to create block chain based met averse startups. people can, by virtual lands, create individualized settings on the central land and the sandbox. the 2nd one though, refers to a virtual world where people meet for business or pleasure. users can trade and tease or spend crypto to buy and sell goods. for example, users have now earned money on row blocks by charging other users for access to their games. and the 3rd group that consists of companies like meta, which creates centralized platforms through things like the alkalis arm. but the

big difference here is centralized versus a previous to which are decentralized, metallic booter, and the founder of a theory him has expressed doubts and said that he doesn't believe the metaphors will happen in the ways that venture capitalists are currently funding. he says that it's still too early to know what people actually want. so anything that meta crates now will misfire. but the real power the met diverse is in organic community building. it is currently anticipated to grow to a market size of 800000000000 by 2024, making the biggest breakthrough technology in the past decade. now let's bring an in con, a met averse, expert futurist an author. so ian, what is the biggest hurdle in defining the met averse? how would you describe what the purpose of the metaphors is? so the mirrors can be defined in many different ways, but in essence, the matter worse is a collection of different platforms that have been created by many different

companies. for example, microsoft, the central land, the sandbox, all these companies have put in the resources to create workable worlds. essentially platforms where you can do many different things, such as play games, a meet other people, or do something productive. and all these are collectively called the metaphors. the matter worse is not just one platform or it's not just one world, but everything put together as just as the internet is many different things come together. and so is the metaphors. and now who and what are the big companies that are the big players and investors in the met averse today. and what are they hoping to accomplish? who are the biggest investors in the mattress, the metaphors to thee is a collection of different worlds. and these worlds are being created by private companies in, in, in the general a sense of industry out there. you have microsoft that's building something very

specific. ah, for it's all hollow lens, a product you have facebook, which is creating horizon world to support its quest headsets. you also have companies that came from the gaming world. for example, you have sandbox, the central land, some nym space, and countless other companies is in fact more than a 160 companies to they are developing something on the metaphors. epic games comes to mind an epic games is a very successful gaming company that's focused on developing some part of its gaming on to the metaphors in, in the actual world. that'll be available to virtual reality glasses. in this collection of a $160.00 plus companies that are building the met over some are focused on the gaming side of the members. so they're building new games, new forms of engagement, tour entertainment. some are, are focused on the workplace on enabling remote work and helping organizations and

enterprises build the next iteration of a communication channel. and there are others who are, who are doing a blend of other things. for example, the central land and some namespace that are selling land to people who want to buy them so that they can develop were tool properties on them, and then get their clients and their audiences engaged. so there's a lot happening on the matter worse today. in terms of development this, there's hundreds of organizations that are interested in and up tons of different venture firms, or they're putting their money in. but some of the ones are that i mentioned are facebook, microsoft, an epic games, decenter land, the sandbox omni him space. and many others and now what kinds of businesses are operating in the metaphors as of now and how do you see this ecosystem evolving? so today, there are many different types of industries that are on the metaphors. and in fact, we're at a very initial stage of the metaphors being called as fully developed. we're

nowhere near where we can fully know the value of what the matter versus imagined the internet in the late 19 eighty's or the early 90 ninety's, right. the, the one thing that we did was check email and maybe watch a video on youtube and we didn't know the, the scale of what the internet could help us do to need the, the met averse is at that very stage. we're trying to experiment with the gaming industry. our graphics companies are working on on, on, on creating the better graphics. more of the visually appealing, graphics of companies like at the games are creating technology that can realistically show us better, a rendering off of different things within but entreaty. you also have companies that are experimenting with healthcare. as an example. with the hollow lens of wood, snapchat, glasses with facebook, i would medicine request had said there are many applications that are currently being tested. i wouldn't say any of them is fully being developed and utilized in

a commercial manner. but there's great interest in the next few years can be very interesting as there's a convergence of different industries coming together as maybe some organizations go on the metaphors and start building their businesses on the metaphors, maybe selling products on the matter worse. so a lot of that is or is coming up in the next few years. so what does it cost to be part of the med averse for both businesses and individuals? so if you want to be a part of the med averse he want to, ah, be part of any of the metaphors platforms. you could think about a, let's say buying a piece of virtual real estate on the matter verse. and some of the real estate is available on a sandbox the central land and other platforms in order to purchase a land parcel. and you will have to go to a platform website where those parcels are sold. for example, you can go on the central and, and buy that land parcel there, or on, on sandbox,

or an open sea, which is one of the world's largest trading platforms for non refundable tokens. in order to buy a platform, you'll have to up spend your actual money, their actual dollars converted into the currency required online, and by that parcel of land. now, the question arises, what are you going to do with that parcel of land? well, as an organization, you can create a place, a venue for which will audience's people and who were enjoying virtual reality and playing games, or engaging with it in some way. you can make them a part of your audience and create something attractive so that they can visit you, and you can start your process of acquiring a new audience. that's what an organization can do. you can also use it as a tool for p r. you can use it as a tool for engagement, delivering information, and essentially using it as a channel, just like you're using the internet today to, to do many, many different things. it's up to you how creative you are,

are in order for individuals to be part of the metaphors. you can of course, buy a parcel of land and do whatever you like with it. but you can also just be a participant and visit different places. for example, you can visit the central and you can visit on a gucci. you can visit at the stores off many different brands, such as nike, adidas vans and many other balance yoga, and just have that experience of visiting a store visiting an experience on the meadow verse and you can play games, you can go there. virtually video friends and, and enjoy your time, i say, and how are ordinary people generate income in the amount of hours and what kinds of businesses are they putting out to rival that of the bigger, more stablish brands. so the movers is an interesting place and it's developing at a, at a good rate up the, the opportunity for a common people to find a way to find an opportunity to, let's say, a work or the metaphors or to have

a business on the metaphors. there's many options to do that, and these options are increasing exponentially every single day. for example, if you are a digital creator, you can create non fungible tokens or entities. and you can sell those other people can buy those as part of their process off of making their avatars look better or just buying these digital assets. you can support the building off the metaphors. you can support creating different dom done venues within the metaphors. if you are within the digital creation side of things, as, as a person who's not on the digital, the side of things, you can perhaps use the metaphors as an opportunity to promote your product, to meet other people, to sell your product. but in the actual physical world, there are many use cases right now, or for the matter worse. oh, you can, if you are learning company, you can have a med averse learning option, where you can teach others who are already on the metaphors and who want to use

that channel for learning to use the metaphors as a channel for learning. oh, really, right now think about using the metaphors as a channel using the metaphors as another option to connect to an audience which is out there on the metaphors which is using which are reality i and, and users who are already liking that medium and channel. how would your business or your organization connected those? ah, if you had the opportunities. and so these are some of the use cases that are emerging apart from this are met of us. education will continue to grow products and services on the matter worse. we'll continue to growth, digital products and services will continue to grow consulting services to be able to build o metaphors platforms and to build your presence on the metaphors will grow in, in the future. who knows? you'll have metaphors, personal consultants who will help you create your image on the matters and, and give you all the insights that you need to have. the future is,

is still not here yet. it's all evolving very fast. and why are so many companies in the state in the matter are sinay? is it just another social platform to flash their ads on? so the mirrors is interesting for a number of different organizations to day. and one of the reasons for this is that it's a very different and a new way off, just doing things right. if you look at the internet, the internet is 2 dimensional. we have a computer screen, your phone, a tv, and everything is in 2 dimensions. the in the metaphors, on the other hand, is a very immersive experience powered by virtual reality, augmented reality, mixed reality. where you're actually stepping into the world of 3 dimensions. you can view things, touch things were actually. and so the experience part of that is very, very different. now up, but stats are available and they see that many younger generation people are on the met averse. they're using the metaphors, in fact, more than traditional television,

younger generation, audiences are more on the meadow verse. and so in order to really leverage that market, tap into that audience and, and, you know, start engaging with them. maybe build your up support for your products and services in the future. many organizations are banking on the met, averse to say, hey, we will be able to tap into this new audience that is out there that's engaging in 3 d. and so being able to acquire these audiences and users is a very good a, let's say advantage for any organization that's looking tapping into new markets. and i think that's one of the things that's driving everybody to the mattress or the mattress is also supported and powered by crypto currencies, non fungible tokens. and all of these things are coming together right now. and so the support for each other is growing within these are these technologies and it's making the whole met, reverse era and more important metaphors technology really,

really interesting for any organization to tap into. thank you so much and call for your insight. the metaphor of centers around connectivity and interactive platforms, things like the central land sandbox, metal, the other side, etc. but the cost to develop these platforms is enormous. the met averse demands lightning fast connection speeds. computing power needs to be optimized and faster network needs to be optimized in order to access the metal verse. then there is security. people are going to want to make sure their digital assets are under lock and key, and that their identity cannot be stolen or tinker with. finally, there is power. the energy requirements of the met averse are growing exponentially and all that data is going to have to be stored somewhere. and once you have these 3 components, you then need manpower and content. content is always key and very similar to the

early days of the internet and youtube. you need content for people to interact and consume. the cost of developing a platform on the met averse can vary from $300000.00 upwards. and meta has very high ambitions. for the met averse and has invested up to $10000000000.00 in the met, averse in 2021 are ready, but there are other costs to the met averse that don't hit your pocket book. how about time? for example, worldwide, the average person spends just under 7 hours a day looking at screens. and that amount was even higher during the pandemic. and it's predicted to grow as the younger generations become more and more tech savvy and dependent on the internet. and while the true met, averse is still 10 to 15 years out. companies like roadblocks, fortnight, you tube and others, they're creating products for the next generations digital future. and this means the next generations will be prime users of the med averse, but out what social and psychological cost as they increasingly live in

a virtual world. mm hm. and when we come back after the break, developing nations are ahead of the metaphors, technology developments which countries are leading. the parallel universe will have more when we come back with ah, with a deal low exposure to you guys with project,

whatever with school or the other, the money has been done left for school with a, with a

california initial you want to pull up a new day or 2, but you also there was a what i see the senior bus is the little gear lation says decent it on bus a the welcome back to the cost of everything we're today. we analyze the cost of developing countries, developing the multiverse. developing countries are extremely interested in new technologies, especially the metaphors, china, india,

saudi arabia and colombia are 4 countries surveyed where people are the most interested in applications of the metaphors. china is currently the country where the people are the most interested at 78 percent. india with a close 2nd at 75 percent. meanwhile, higher income countries like canada, france, germany, and belgium. they surveyed only at around 30 percent. issues like inflation and currency to valuation, or the main driving forces behind the use of and familiarity with crypto currencies and the metaphors and developing countries. instead, in countries with a higher standard of living, people have fewer inflation worries and have less of a need to learn about an own crypto currencies. and from why, let's bring in once again in tom medive as expert futurists an author. so in one makes the men reverse, in particular, so appealing to developing countries and the lower income population. so for

developing countries and lower income of populations, the meta worse right now is, is just, is just an interesting technology development. of course, there's a, there's a bit of a stepping stone to, to have virtual reality product products, hardware that you can use to jump on the mentors. however, economies developing economies have a huge talent base that can be used as talent to develop the metaphors to create jobs, to provide more opportunities. and so for developing countries that's really, really important for populations that are, that are not doing so well. i think it is up to others how they can create the metaphors to be a platform, to create change, to put a platform for spreading knowledge and, and ensuring that everybody has access to this medium. where literally the future will live and will do many other things on a daily basis. and let's say on, on,

on the matter worse. so all use cases are still evolving in and we have the huge woke of opportunity in front of us to find out what the matter was candy for everybody on, on the planet. and now the men of us like up their currencies has this underlying ethos that they can use technology to lift people out of poverty. how can the managers accomplish that? exactly. today we have a lot of different technologies that are evolving, that are going to their ups and downs crypto currency being one met reverse, left 3, many amazing credible technology. opportunities exist today. it's hard to really pinpoint and say that a crypto currency has fully created the value. it can rate, i mean there are a billions of the unbalanced people out there that still need access are to, to funds to do many other things and crypto to some extent. i can fix that. but we

haven't been able to do that 100 percent. but there's definitely hope that with time we'll have those use cases and solve those problems with the metaphors. access to the metaphors is a bit of a challenge purely because off the of the hardware requirements, the high resolution devices needed the absolute computing power that is needed right now to be on the meadows and to do things. so for that reason, there's definitely a challenge for the next few years until virtual reality technology were to reality hardware as a price point where everybody can afford it, where every to common average people can afforded until then it's going to be a bit tough. are to give everybody access to it, but i thing in the next few years, prices are dropping. ah, hardware's becoming much more affordable. and it's going to open a whole new world of opportunity for people who are, who are looking to do better people who are looking to create businesses. i'll learn from institutions and universities world wide or to meet other people across

the world to share a he is. and so some of those things are still in the process of evolution and the next few years will tell us how that will happen. yes, but then are there any st, don't approve of them at a verse and think it's just a fad and not a long term movement or something that needs to be, monitor, needs, oversight, et cetera. so a lot of different groups are of supporting things of their, their, their, you know, not supporting. so when the members, it's the same, you have many people who are not sold on the idea of the metaphors. in fact, recently are apple c, e o, tim cook said that he doesn't believe the metaphors is, is something that, that, that, that has a long term potential. but he really believes that argument at reality, mixed reality is going to go big. we really have to think about the bigger picture and not get swayed by the opinions of individuals rate. today,

if you have someone saying a particular comment about a technology area, we really have to understand where that's coming from. having said that, the metaphors is not all r roses. there's major challenges for metaphors, the metaphors in general to be available to the world wide population or to everybody in the world. and it's not a technology that is helpful for everything. it's not a solution for everything that we need to do in the world. it definitely has its place. and we're still figuring that out and building that. but in general, the matter worse is not a technology that can help us all, every crises, and every issue in the world. some of the things we can do how're our promising. ah, there are definitely stink tanks. who believe that the metaphors could be the next greatest opportunity to create a small business and to power enterprise organizations. and there are many other who are talking about the dangers of the metaphors and how we need to be careful

with privacy information rights and so on. there's both groups out there and i believe we need to collectively move together and find out what the future holds. thank you so much for your time. income is unclear, high a true met, a verse will look like, and there are big questions around who will lead it or how no bring us there. and it's very much like the early days, the internet all over again. and as for winners and losers, it's too early to say, but it will be a clash between the enterprise met reverse with participants such as meta, microsoft, amazon versus the decentralized participants like the dows are the decentralized thomas organizations. but in either case, consumers need to be careful with the amount of data they're freely handing over to these platforms. harvard research has shown that after only 5 minutes of playing time on a v r headset, you could be identified through the subtlety of your gestures and movements. over 2000000 data points are recorded for every 20 minute session. so while the

metaphors provide boundless opportunities for the future, users should still be cautious of the repercussions of a more interconnected world. i'm christy, i. thanks for watching and we'll see you back here next time on the cost of everything. ah ah. the claims of the king of the belgians leopold the 2nd to the congo were finally authorized by the leading european countries in 18. 85 in the very heart of the african continent. a state under the rule of the belgian monarch was declared since

the beginning, the congo free state was total, may him for the local population and functioned as a universal concentration camp. the majority of the population, including women and children, were forced to work on the rubber plantations. those who failed to fulfil their quota, were beaten and mutilated. to keep the congolese people under control, the king set up the so called for spook leak, which wear punitive detachments that cast terror on the captured country and its inhabitants. fearing that their subordinates would simply waste bullets hunting for wild animals, the officers demanded that the soldiers gave an answer for every bullet used. and as proof presented a chop hand of an african. it was not uncommon when trying to justify the use of the ammunition, the colonist amputated the hands of not only those who were dead, but also of those who were kept alive. the atrocious exploitation of the congo

turned into a real genocide in only 20 years. the policy of the belgians led to the death of nearly 10000000 people alongside the holocaust. that genocide of the congo population is considered to be one of the grimmest pages in the history of mankind . and put you in love with it, but don't watch them with that event, the hereditary, it's lovable blood on your velocity. give with a condition to minister surgically stumbling in my 2 children

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